Britoil

Part of the debate – in the House of Commons at 3:31 pm on 1 February 1988.

Alert me about debates like this

Photo of Mr Nigel Lawson Mr Nigel Lawson The Chancellor of the Exchequer 3:31, 1 February 1988

I have listened carefully to what my hon. Friend has said. I know—I recall well—that at the time of the debates that we had in 1982 the concern of the Opposition was that there might be a foreign takeover of Britoil. That was their concern, and nothing else. However, I do not think that it is right now to give up the special share. It is necessary to maintain the special share to ensure a satisfactory outcome and to ensure that whatever is agreed is adhered to.